New Delhi, July 23 (IANS) Improving rail accessibility for micro, small and medium enterprises (MSMEs) could unlock significant rail freight growth by lowering logistics costs and adding a customer segment for rail services, a report said on Thursday.The report from FICCI and KPMG in India said many MSMEs remain dependent on road transport despite rail’s structural cost advantage because of fragmented consignments, limited cargo aggregation, inadequate terminal access, first‑ and last‑mile…
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New Delhi, July 22 (IANS) Visakhapatnam retained the top spot among India’s non‑metro job markets among the fastest‑growing smaller cities for hiring and migration, a report said on Wednesday.The report from professional networking platform LinkedIn said Visakhapatnam was followed by Ludhiana, Surat, Vadodara and Prayagraj — occupying the top five positions.It underscored the rise of non‑metro hubs that are expanding beyond legacy industries. Technology, financial services, manufacturi…
New Delhi, July 17 (IANS) Union Commerce and Industry Minister Piyush Goyal held a series of high-level meetings with leading Finnish technology and industrial companies in Helsinki on Friday, urging them to deepen their investments in India by expanding manufacturing, research and development (R&D) capabilities and increasing exports from the country.During his meeting with Nokia Corporation President and CEO Justin Hotard and the company’s senior leadership, Goyal discussed opportunities t…
New Delhi, July 1 (IANS) Leading automaker Mahindra & Mahindra Ltd. on Wednesday said its overall auto sales for June 2026 stood at 1,06,207 vehicles, a growth of 37 per cent YoY, including exports.Utility vehicle domestic sales were 60,393 units, up 28 per cent year‑on‑year, while total UV sales, including exports, were 61,504 units, a release from Mahindra & Mahindra Ltd said.Nalinikanth Gollagunta, CEO, Automotive Division, M&M Ltd. said the company achieved SUV sales of 60,39…
New Delhi, June 27 (IANS) India’s 8.7 crore MSMEs are driving economic growth by contributing 31 per cent of GDP, 35 per cent of manufacturing output, and nearly 45 per cent of exports, while supporting the livelihoods of 38 crore people — under the visionary leadership of Prime Minister Narendra Modi, Shobha Karandlaje, Union Minister of State for Micro, Small and Medium Enterprises, said on Saturday.The rise in MSME bank credit from Rs 10 lakh crore in 2014 to Rs 37 lakh crore by December 2…
New Delhi, June 11 (IANS) India’s listed auto ancillary sector has nearly tripled its revenues to about Rs 5 lakh crore over the past decade, an 11 per cent compound annual growth rate (CAGR) during FY16-26, a report said on Thursday.The report from Equirus Securities forecasted the sector to remain on a strong growth trajectory, with a 21 per cent profit CAGR during FY26-28, supported by rising vehicle content, premiumisation trends, export opportunities and growing adoption of electric vehicle…
Seoul, June 9 (IANS) The South Korean economy grew at the fastest pace in more than five years in the first quarter, supported by strong exports and solid domestic demand, central bank data showed on Tuesday.The real gross domestic product (GDP) rose 1.8 percent in the January-March period from the previous quarter, 0.1 percentage point higher than the earlier estimate, according to preliminary data from the Bank of Korea (BOK), reports Yonhap news agency.The reading marked the strongest quarter…
New Delhi, June 8 (IANS) Commerce Minister Piyush Goyal on Monday said India’s 7.7 per cent GDP growth reflected sustained policy interventions and economic reforms undertaken by the government over the past decade, which have ensured that the country remains the fastest-growing economy. “I don’t think any of you would have imagined that last year would close with a GDP growth of 7.7 per cent. This is not an accident, it is a decade of structural reforms,” he said.The minister launched the BHAVY…
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) on Friday projected real GDP growth for 2026-27 at 6.6 per cent — with Q1 at 6.6 per cent; Q2 at 6.3 per cent; Q3 at 6.5 per cent; and Q4 at 6.8 per cent — saying that prolonged global supply chain disruptions, volatility in global financial markets, and weather-related shocks continue to pose downside risks to the domestic growth outlook.India’s manufacturing and services PMI suggest that both sectors continue to be resilient, and busine…
New Delhi, June 1 (IANS) Leading automobile firm Hyundai Motor India Ltd (HMIL) on Monday said that a fire at its supplier-operated manufacturing facility in Tamil Nadu will temporarily disrupt its production, according to an exchange filing.Hyundai said the fire broke out on May 31 at Mobis’ facility in Irrungattukottai in Kancheepuram district.The facility supplies audio components and other automotive parts to Hyundai. No fatalities were reported in the incident, the statement added.Hyundai s…